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20121202
20121210
Search Results 0 to 5 of about 6 (some duplicates have been removed)
cuts and tax hikes that go into effect if washington doesn't make a deal. that means four more weeks of spinning our wheel of misfortune. where will it land today? follies. that's the perfect term. both sides miles apart. wall street remains optimistic a deal will be reached by january 1st. perhaps in a nod to investors, the president gave his first post-election interview today to none other than bloomberg tv. >> i think that we have the potential of getting a deal done, but it's going to require what i talked about during the campaign, which is a balanced, responsible approach to deficit reduction and unfortunately the speaker's proposal right now is still out of balance. >> nbc's luke russert begins the coverage live on capitol hill. luke, first read this morning put a rather positive spin on duelling deals arguing there's a silver lining if you split the difference. unpack that for us. >> reporter: s.e., you saw that the republicans' offer was immediately dismissed by the white house. president obama, his team of communications advisers saying it's more of the same and won't work
on extending middle class tax cuts and nothing more by simply voting present. what have you heard and what's the likelihood that would happen? >> well, i think it's still -- it's sort of the formative stage, and it's not clear when it's going to happen. to me it reflects what is a clear rereality, which is that e status quo favors the democrats and the republicans are finding a way to deal with this. democrats have the upper hand in the default scenario, and republicans, i think, know it's a loser for them to hold middle class tax cuts hostage essentially in the name of keeping taxes low on upper income earners. this is a way to try to muddle through it without being seen to hold up middle class tax cuts, which is a big political loser for them. >> hold on for a second. house republicans released their counteroffer to avert the fiscal cliff. now it's really a fiscal fiesta. since it's a party we called in luke russert who emerged from a briefing. what's on the table? >> reporter: good afternoon, toure. big news here on capitol hill. we talked about being in a stalemate recently in terms of
tax cut message by spending time with an actual middle class family. >> the message that i got from tiffany and the message that i think we all want to send to members of congress is, this is a solvable problem. i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that is good for families like this one's. >> and this actually appears to be working. a new poll shows the president is running ahead of the boehner-led republican team. what about basketball you say? we go to charlotte last night, and the knicks treasury secretary, carmelo anthony, top paid and big star got hurt in this dive and had to leave the game. then the at the end it came down to this. >> looking for felton and finds smith. two seconds, one second. smith for the win. >> game over. no overtime. deal, end game, done. is this meaningless nba game in charlotte lead us to how the fiscal fiesta ends? we have a man who we think knows the answer, the king of the last word here on msnbc and all seeing of things
panic on the markets to drive a deal? if you're a republican to vote for tax increases, entitlement cuts, does it take scary stuff on the markets to force you to action? >> so i guess your colleague at "the washington post" today, matt miller, wrote a column and looking at the possibility or the prospect of sort of a p perpetual fiscal cliff and using the debt ceiling to force concessions. they, you know, used cliche they kicked the can down the road to the super committee and that blew up and now this and talk of a two-prong solution and then dealing with entitlements next year. it does seem like we just keep making, you know, small incremental decisions and then putting off somethingรง bigger r six months, a year, 18 months. when will the insanity stop on this? >> yeah. i mean, the thing is -- >> 300 calories! >> stop the insanity! >> that was -- that was susan powter. i knew we talked about it before the show and didn't know we would play it. when will we listen and stop the insanity? feel free to answer. >> yeah. look. you know, it's a real dynamic in place where it takes the horrib
? >> oh, i don't agree. i think that the fiscal cliff and it is a cliff, on january 1 withholding taxes go up to the tune of $400 billion. >> not necessarily. >> it would have a very negative effect on the economy. according to the legislation they would, jared. >> they would not. >> jared, you have to -- >> let me make a point. the treasury secretary can decide if he or she believes a deal sl imminent not to adjust withholding tables. very important. >> i'm talking about no deal and we go off the cliff. >> we go off and stay off. >> it's $400 billion. we have a lot of things to do with regard to our debt ceiling, and my feeling is no one really believes the united states of america is going to default on its debt even if it lapses. we're dealing with different things. one is real and substantive and the other is psychological. >> i really disagree. >> i know you do. >> we could have a good discussion about this if we had more time. the idea that if the debt ceiling lapses, peter, that means that we can no longer borrow from credit markets and can't finance our debt. >> we're doing most of
Search Results 0 to 5 of about 6 (some duplicates have been removed)